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3.5. Purchase protection insurance

Purchase protection insurance covers the theft, loss or accidental damage of a new purchase. When you have a credit card that offers purchase protection insurance, most of the purchases you make with the card will be covered by this policy for anywhere from 21 to 90 days.

It’s worth noting that this type of insurance is designed as a last resort for purchase issues and may not cover online purchases, so it may not add much immediate value to the credit card that you choose.